Bob Buente South Park BID Emails through 10/2018

FW: 1212 S Olive

Subject: FW: 1212 S Olive

From: Ellen Riotto <ellen@southpark.la>

Date: 04/18/2018 11:24 AM

To: Daniel Taban <daniel@jadeent.com>, Robin Bieker <robin@biekerco.com>,
Robert Buente <bbuente@1010dev.org>, Channing Henry
<cha nning@almadevelopment.com>

Last FYI on this one.

I'd like to focus back on 1036 S Grand and get one or more GCs to give quotes on the TIs.

I'm reaching out to Suffolk, Component West, and Phoenix Construction - do any of you have
other recommendations for trusted GCs?

From: Ken Kastner <kkastner@unisourceit.com>

Date: Wednesday, April 18, 2018 at 11:16 AM
To: Ellen Riotto <ellen@southpark.la>

Cc: Robin Bieker crobingbiekerco. com> , LINDA KASTNER <lkast6945gaol. com> , Jim Kastner
<jkastnergunisourceit.com>

Subject: RE: 1212 S Olive

Ellen,

Sorry for the late notice. The remaining members of the partnership have weighed in,
and they would prefer to look at other options. At this point I think it best that
you focus on other locations.

From: Ellen Riotto [ mailto :ellen(asouthpark. la ]

Sent: Tuesday, April 17, 2018 3:08 PM
To: Ken Kastner <kkastner@unisourceit.com>

Cc: Robin Bieker crobingbiekerco. com> ; LINDA KASTNER <lkast6945@aol.com>
Subject: Re: 1212 S Olive

Thanks so much for the quick reply, Ken. A couple of clarifying questions:

When we met on Friday, you'd mentioned perhaps a few month's free rent in lieu of TI
Allowance. Is this still something you'd consider? Would you consider providing base
building improvements of HVAC, bathrooms, etc. and warrant the building systems are in
good working order?

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10/19/2018 09:21 AM

FW: 1212 S Olive

Could you clarify what the existing NNN's are so I can work backwards into my budget?

Once I hear back on these, I'll consult with my Exec Committee and see about next steps.

Thank you again!

Ellen

From: Ken Kastner < kkastner@unisourceit.com <mailto:kkastner@unisourceit.com> >
Date: Tuesday, April 17, 2018 at 12:01 PM

To: Ellen Riotto < ellen@southpark.la <mailto:ellen@southpark.la> >

Cc: Robin Bieker < robin@biekerco.com <mailto:robin@biekerco.com> >, LINDA KASTNER
< lkast6945@aol.com <mailto:lkast6945@aol.com> >

Subject: RE: 1212 S Olive

Ellen,

We are interested in supporting the community. As such, we are interested in proposing
a significantly discounted rent to the South Park Business Improvement District. We
would lease, for $11,000.00, Absolute NNN lease, the covered parking and the building
(excluding outside parking). You would be responsible for the all aspects of the
building, including but not limited to operating and structural aspects of the said
location. In addition to the $11,000.00 per month rent, we would request a 3% per annum
increase in rent, until the termination date. Prior to entering a lease, we would ask

that you conduct a review of the building, and all aspects of the area, to ensure that you
are comfortable entering into this type of arrangement.

As is customary, only an executed lease is binding on all parties. We recommend that
you have legal counsel review the overall outline of the transaction. Landlord will
provide lease, if we come to an agreement.

Let me know your thoughts.

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10/19/2018 09:21 AM

FW: 1212 S Olive

From: Ellen Riotto [ mailto: ellen(asouthpark. la ]

Sent: Monday, April 16, 2018 10:00 AM

To: Ken Kastner < kkastner@unisourceit.com cmailto:kkastner@unisourceit.com> >
Cc: Robin Bieker < robin@biekerco.com <mailto:robin@biekerco.com> >

Subject: 1212 S Olive

Hi Ken,

So great to meet you on Friday, thanks again for taking the time.

The BID is very interested in the space. It's the absolute ideal location and has
everything we're looking for - raw interior space for our clean and safe teams, prominent
street-level presence, alley and parking lot access, and space for the 5 staff. As I
mentioned to you on Friday, the BID is looking for 6,000-8,000 sf of space and our monthly
budget for rent is no more than $llk. We're hoping to be able to negotiate on TIs.

We've just gone through the renewal process with the city, so our contract is good through
2022. I'd like to sign a lease agreement that brings us through the full lifecycle of the
BID.

If this is something you're willing to explore, it would be helpful to see as-is plans to
start mapping out the space for our needs.

Thanks in advance, and please let me know if you need anything else from me.

Best,

Ellen

Ellen Riotto
Executive Director

South Park Business Improvement District

1100 S Flower St, Suite #3400, Los Angeles, CA 90015

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10/19/2018 09:21 AM

FW: 1212 S Olive

ellen@southpark.la <mailto:ellengsouthpark.la> | o. 213 663 1112

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10/19/2018 09:21 AM